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DealBreaker MadLibs: What Kind Of Borrowing Schemes Are Wall Street Bankers Out There Peddling?

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Lieutenant Governor Richard Ravitch knows.

Wall Street bankers perceive New York’s $9 billion budget deficit as an opportunity to propose financing deals that may worsen the state’s long-term fiscal condition, Lieutenant Governor Richard Ravitch said. “They are up here peddling the same cockamamie borrowing schemes that helped get us in trouble,” Ravitch said today at a conference sponsored by the Rockefeller Institute of Government in Albany, the state capital.